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St. Louis home sales down 38 percent

By St. Louis Public Radio

St. Louis – Home sales in the St. Louis area dropped sharply last month.

Sales figures for July released Tuesday show that sales of previously-owned homes fell 38 percent compared with July of last year.

Nationally, the decline was 27 percent. The drop follows a surge in sales brought on by the federal tax credit for first-time home buyers. That credit expired June 30th.